The bearish signal is clear, with the lower Bollinger Band at 100082 and the upper band at 113587. The current price of 100431 is close to the lower band, and if it doesn't bounce back to the middle band, it needs to test support; the moving averages are in a bearish arrangement, with 107893 being a strong resistance. The MACD death cross continues, and the green bars have not stopped; the KDJ is in oversold territory but has not turned (which may cause stagnation); the RSI is below 50; trading volume is 7.50K BTC (far below the average volume, indicating strong indecision), and breaking the lower band with increased volume poses a significant risk. Expectations of a Federal Reserve interest rate hike and a strong dollar are putting pressure; institutional funds are withdrawing, and the Fear and Greed Index is in the "Fear" zone. Operational advice: Short around 100550-101050, with the first target at 99750, and then at 99250.
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#BTC
11.5 Pie Analysis
The bearish signal is clear, with the lower Bollinger Band at 100082 and the upper band at 113587. The current price of 100431 is close to the lower band, and if it doesn't bounce back to the middle band, it needs to test support; the moving averages are in a bearish arrangement, with 107893 being a strong resistance. The MACD death cross continues, and the green bars have not stopped; the KDJ is in oversold territory but has not turned (which may cause stagnation); the RSI is below 50; trading volume is 7.50K BTC (far below the average volume, indicating strong indecision), and breaking the lower band with increased volume poses a significant risk. Expectations of a Federal Reserve interest rate hike and a strong dollar are putting pressure; institutional funds are withdrawing, and the Fear and Greed Index is in the "Fear" zone.
Operational advice: Short around 100550-101050, with the first target at 99750, and then at 99250.